MELAKA, Oct 24 (Bernama) -- The government is prepared to absorb an increase in fuel subsidy costs, which could reach RM45 billion annually amid a surge in global crude oil prices, rather than pass the burden on to the people through higher fuel prices.
General : Govt Prepared To Absorb Fuel Subsidy Costs Of Up To RM45 Bln A Year - Anwar
Govt Prepared To Absorb Fuel Subsidy Costs Of Up T
BE Bernama 
Key takeaways
The Malaysian government is prepared to absorb up to RM45 billion in fuel subsidy costs annually due to rising global oil prices.
- The government will keep RON95 petrol at RM1.99 per litre to protect citizens from higher fuel prices.
- Anwar Ibrahim emphasized shielding low- and middle-income groups from financial pressure.
- The move aims to prevent increased daily expenses for families and workers.
Summarised automatically by AI from the original article by Bernama. AI can make mistakes, so check the original for details.
Also reported by New Straits Times
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Related reporting
3 stories on this topic from 2 sources, oldest first.
- New Straits Times Budi95 fuel subsidy benefits nearly 14mil Malaysians
- Bernama General : Govt Prepared To Absorb Fuel Subsidy Costs Of Up To RM45 Bln A Year - Anwar (this story)
- New Straits Times PM: Govt prepared to absorb fuel subsidy cost of up to RM45b a year
